The Republic of the Maldives is an island nation in the Indian Ocean consisting of a double chain of twenty-six atolls. It is south-west of Sri Lanka and south-west of India. Link to external site : Website for Maldives |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Send Register/Log In |
| GDP ($m) |
1,055.31 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
0.464 Upgrade to Bronze |
| Currency | MVR |
| Class | |
| CountryISO | MV |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["MV",0.314,168]],"options":{"title":"Countries","region":"MV","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Dhiraagu (Cable & Wireless)",326018],["Ooredoo Maldives (formerly Wataniya Telecom, Qtel)",138306]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",7800],["Q4 2001",18890],["Q4 2002",41600],["Q4 2003",62800],["Q4 2004",111289],["Q4 2005",198046],["Q4 2006",216240],["Q4 2007",286730],["Q4 2008",385639],["Q4 2009",403043],["Q4 2010",426803],["Q4 2011",442640],["Q4 2012",454873],["Q4 2013",463852],["Q4 2014",470128]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank |
Central Bank Website for Maldives Register/Log In |
| Key Regulations | |
| Type of law |
Common and Religious Upgrade to Bronze |
| Legal System |
Islamic religious legal system with English common law influences, primarily in commercial matters Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Unknown Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",106.62],["Banked",35],["Internet",11],["Urban",37],["Adult",68],["Literate",97.0457]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 0.31 |
| Adult % | 68.00 |
| Migrants % |
1.00 Register/Log In |
| Stock Immigrants ('000) | |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 37.00 |
| Female % | 44.80 |
| Literate % | 97.05 |
| Annual Growth % |
| Mobile Penetration % | 106.62 |
| Banked % | 35.00 |
| Access to FS % | 40.88 |
| Internet % | 11.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 96.90 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.20 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Other Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |